New Delhi: Saraswati Saree IPO, a book built issue of Rs 160.01 crore, opened for subscription on August 12, 2024 and will close on 14th August. Saraswati Saree Depot IPO price band is fixed in the range of Rs 152 to Rs 160 per share. The company has launched the public offer to raise Rs 160 crore, which comprises a fresh issue of 0.65 crore shares worth Rs 104 crore and an offer for sale of 0.35 crore shares valued at Rs 56.02 crore.
Saraswati Saree IPO GMP today
Investorgain reported that Saraswati Saree Depot IPO GMP today stands at Rs 52. With the price band of 160, the shares are expected to be listed at Rs 212. The current grey market premium price indicates that the stock is expected to make debut with a premium of around 32 per cent.
The investors are required to bid for a minimum lot size of 90 shares, for which a minimum amount of investment required by retail investors is Rs 14,400. sNII are required to apply for minimum 14 lots, amounting to Rs 201,600, while bNII will have to apply for minimum 70 lots.
Saraswati Saree IPO allotment, listing
The Saraswati Saree Depot IPO allotment is expected to get finalized on August 16, 2024, while shares are likely to be credited to the accounts of eligible investors on 19th August. The process to initiate refunds to the unsuccessful investors would also begin on August 19.
Saraswati Saree Depot IPO will list on BSE, NSE with tentative a date on August 20, 2024.
Saraswati Saree Depot IPO book running lead manager: Unistone Capital Pvt Ltd; while Bigshare Services Pvt Ltd is the registrar for the issue.
The company came into existence in 1996 and is engaged in the business of manufacturing and wholesale women’s apparel.
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Saraswati Saree IPO opened for subscription on August 12, 2024. The current Saraswati Saree IPO GMP stands at Rs Rs 52, while the price band is fixed at Rs 152 to Rs 160 per share. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
